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US hog prices have fallen from a June peak, with Iowa-Minnesota carcass base prices now about half the $134.41 peak. The September 51-52% lean live hog price averaged $68.84/cwt, and USDA forecasts a 2022 average near $61.00/cwt after a 2021 average near $69.45.
Lower hog prices and slaughter-based herd signals suggest reduced hog-sector feed demand into late 2021 and 2022, which weighs on corn and meal demand.
nationalhogfarmer.comRon PlainOct 25, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
